Beijing | China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fuelling speculation officials are preparing to ramp up efforts to revive growth.

Authorities announced on Monday that central bank governor Pan Gongsheng would hold a press conference on Tuesday on financial support for economic development, alongside two other officials. Minutes later, the People’s Bank of China lowered the 14-day reverse repurchase rate, catching up with reductions initiated in July.

Bloomberg